Duty Free Philippines (DFP) is increasing by $2,000 the maximum amount of items that overseas Filipino workers (OFW) putting up a business can buy at its store.
The $4,500 shopping amount limit will start at the relaunch of the DFP’s Kabuhayan Shopping Program (KSP) for OFW on 30 September.
The program introduced in 2011 will now give returning OFW an exclusive opportunity to buy additional duty and tax-free livelihood tools up to $2,000, said Malu Malabuyo, officer-in-charge for DFP Marketing, according to PNA.
Items that can be bought through the additional $2,000 shopping limit are equipment for small and micro enterprise business such as bread and pastry production, cookery, housekeeping, shielded metal welding, carwash, among others.
Malabuyo said OFW can use credit cards from DFP’s partner banks if they are short of cash.
The new shopping limit for OFW will start at the relaunch of the initiative in coordination with the Technical Education and Skills Development Authority (TESDA) on 30 September.
The KSP is provided for under the Balikbayan Law, or Republic Act 9174, which provides duty free shopping privileges and incentives to all OFW and balikbayan.
“The Kabuhayan Shopping Program provides opportunities for our fellow balikbayans to spend their hard-earned money efficiently, investing in livelihood tools for small and micro enterprise businesses. We are pleased to strengthen this initiative with TESDA who will also offer training for business development, marketing, among others,” said DFP Chief Operating Officer Vicente Angala. WJG